Primerica, Inc. (NYSE:PRI - Get Free Report) was up 1.2% during trading on Wednesday . The stock traded as high as $296.00 and last traded at $293.92. Approximately 18,835 shares traded hands during trading, a decline of 88% from the average daily volume of 156,412 shares. The stock had previously closed at $290.52.
Analyst Ratings Changes
PRI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on Primerica from $315.00 to $320.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Morgan Stanley dropped their target price on shares of Primerica from $313.00 to $304.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. StockNews.com lowered shares of Primerica from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Piper Sandler decreased their price objective on shares of Primerica from $313.00 to $300.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Finally, BMO Capital Markets began coverage on shares of Primerica in a research note on Thursday, January 23rd. They set a "market perform" rating and a $311.00 target price on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $309.86.
View Our Latest Stock Report on PRI
Primerica Stock Performance
The business's 50 day simple moving average is $286.37 and its 200-day simple moving average is $281.55. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 20.61 and a beta of 1.12.
Primerica (NYSE:PRI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $5.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.81 by $0.22. Primerica had a return on equity of 31.11% and a net margin of 15.14%. Research analysts expect that Primerica, Inc. will post 20.6 earnings per share for the current year.
Primerica Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a $1.04 dividend. This is a boost from Primerica's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Friday, February 21st. This represents a $4.16 annualized dividend and a dividend yield of 1.47%. Primerica's payout ratio is presently 30.25%.
Insider Activity at Primerica
In other Primerica news, CEO Glenn J. Williams sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $281.74, for a total transaction of $845,220.00. Following the transaction, the chief executive officer now directly owns 33,322 shares in the company, valued at $9,388,140.28. This trade represents a 8.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Adam Jendusa sold 234 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $280.15, for a total value of $65,555.10. Following the completion of the sale, the insider now directly owns 200 shares of the company's stock, valued at $56,030. This represents a 53.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,234 shares of company stock valued at $1,476,575. 0.85% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Colonial Trust Co SC bought a new stake in Primerica during the fourth quarter valued at about $25,000. True Wealth Design LLC acquired a new stake in Primerica in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in Primerica in the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Primerica by 129.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 126 shares of the financial services provider's stock worth $34,000 after buying an additional 71 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Primerica by 56.8% in the third quarter. Larson Financial Group LLC now owns 149 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 54 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Primerica Company Profile
(
Get Free Report)
Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
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